Ludlow Approves Tax Rates
In a speedy special meeting, the Ludlow City Council approved the new property tax rate on Tuesday night in a little under 10 minutes.
There was a public hearing before the official meeting in order to give residents a chance to voice any concerns or displeasure about the tax rate, but no one showed up for that portion of the evening.
Once the official meeting got under way, City Attorney Jeff Otis read aloud that the adopted property tax rate for the City of Ludlow was $0.346 for every $100 of assessed property value. It was the second reading of the tax ordinance and in the first reading during the previous meeting, council agreed to take the compensating rate plus the four percent increase compared to the previous year, the maximum allowed by law.
Also approved at the meeting was the additional tax rate upon real estate, personal and mixed property for the Fire Protection and Emergency Medical Services ad valorem tax of $0.175 for every $100. This revenue generated can only go toward paying for Fire and Emergency Medical Services.
Both tax bills are due on October 31 for Ludlow residents.
The other three non-tax related items in the meeting was a first reading to adopt a supplement to the Code of Ordinances, a resolution authorizing the execution and delivery of an lease/purchase of two police vehicles and an approved request to allow the local distillery Second Sight Spirits to block off Davies Street between Elm Street and Walnut Alley from Noon until 5pm on September 19 for an event.
-Bryan Burke, associate editor